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Hilton HHonors® Platinum Credit Card

• Get up to 20,000 HHonors^® bonus points when you get the Card.
• Earn 10,000 bonus points with your very first purchase*
• Earn an additional 10,000 Hilton HHonors bonus points - that’s 2,500 Hilton HHonors bonus points for each of your first four stays at any Hilton Family Hotel
• Get 5 Hilton HHonors® bonus points for each eligible dollar spent on stays at over 2,700 Hilton Family hotels worldwide and for eligible purchases at supermarkets, drugstores, gas stations, dining establishments, the U.S. Postal Service, and for wireless phone bills
• Get 3 HHonors bonus points for every eligible dollar you spend on purchases
• No annual fee

Just The Facts –

Issuer :  American Express

Introductory APR :  2.90%

Introductory Period : 6 months

APR After Introductory Period :  18.24%

Cash Advance APR :  23.24%

Annual Fee : No annual fee.

Credit Line Possible : $100,000

Insurance included :  Auto rental insurance, a purchase protection plan, extended warranty, return protection, identity theft protection and up to $100,000 in travel accident insurance are included on your Hilton HHonors Platinum Credit Card.

Financing Configuration – Interest is calculated on your average daily balance (including the purchase date).

Grace Period – You have twenty days after making a purchase during which you do not have to pay interest.

The Best Thing About It — The Hilton HHonors Platinum Credit Card has a generous rewards program that awards three bonus points for each eligible dollar spent on stays at over 2,700 Hilton Family hotels worldwide and for eligible purchases at supermarkets, drugstores, gas stations, dining establishments, the U.S. Postal Service, and for wireless phone bills

The Worst Thing About It – This card has an extremely high regular APR that makes it very impractical for carrying a balance. Taking out cash advances is prohibitively expensive.

Credit Rating Needed For Acceptance :  Excellent Credit only.

Who Is It For?

The Hilton HHonors Platinum Credit Card issued by American Express®, is designed for those who frequently stay in the Hilton chain of hotels and need a card with good travel insurance.

The card is not available to residents of Puerto Rico.

The Benefits

 

The rewards points are very high! Through the reward program, cardholders earn three points for every dollar spent on the card for general purchases (a rare benefit, as most reward programs only offer one point per dollar spent for general purchases)

You get a 20,000 Hhonors bonus miles once you are accepted for the card. Redeem points for rewards from over 50 of the finest names in shopping and entertainment, including Banana Republic, Saks Fifth Avenue, DellTM Computer, Callaway Golf, and The Sharper Image.

You earn points on your first purchase! You earn an additional 1,000 Hhonors bonus miles once you make your first purchase.

You earn very high points for your first four Hilton hotel stays. You automatically earn an additional 10,000 Hilton HHonors bonus points - that’s 2,500 Hilton HHonors bonus points for each of your first four stays at any Hilton Family Hotel

There is no annual fee. Hilton HHonors Platinum Credit Card is a fee free card.

Your Hhilton points never expire.  Your points have no cap and they are good to use until you are ready to go.

You can transfer your points to many different frequent flier programs. Transfer points into 11 frequent flyer programs. The exchange is 1 point for 1 airline mile with most programs

Track all of your expenses on one statement. Online access to this statement to your Hilton HHonors Platinum Credit Card account is also provided so you can stay on budget.

You manage your account online – This card comes with an online account that provides the convenience of paying your credit card bill online.

You can print out a Year End Summary for Tax Purposes.  You can download a Summary online and print it out; sort by date, merchant name, or charge amount or review charges made within a category. Your Year End Summary is an indispensable tool for preparing taxes and budgeting. You may also receive a paper Year End Summary in the mail by calling the number on the back of your Card.

Monitor your expenses. You are also able to monitor what goes on in your Hilton HHonors Platinum Credit Card account with full access to an online account report. You can also make your credit card payment online.

You have a Return Protection Plan. If you try to return an item within 90 days from the date of purchase and the merchant won’t take it back, American Express will refund the full purchase price, up to $300 per item.

You have extra protection from theft or loss of your Hilton HHonors Platinum Credit Card while traveling. American Express provides quick emergency cash and emergency card replacement should your card be stolen.

You have a great deal of travel insurance. This card offers $100,000 in travel insurance.

The card comes with a Global Assist Hotline. Whenever you travel more than 100 miles from home, you have security and peace of mind 24/7 with medical, legal, financial or other emergency assistance, including medical and legal referrals, visa/passport help, cash access, lost luggage and more.

The Hilton HHonors Platinum Credit Card offers a Baggage Assurance Plan. This plan covers up to up to $1,250 for carry-on baggage and $500 for checked baggage in the event it is lost or stolen.

The Drawbacks

 

The annual fee is high. This fee for the Hilton HHonors Platinum Credit Card soars to $85 after one year of being free.

Duplicate cards for family are not free. Complimentary cards cost $35 each and are subject to an $85 annual fee per card.

The APR is high. The standard APR for purchases is above average for an airline reward card and not ideal for those who plan to carry a revolving balance.

The grace period is short. You only have twenty days to pay on your purchase without gathering interest.

Monthly payments are applied to purchases first.  The amounts that you pay monthly are not applied to the highest interest garnering activities such as taking out a cash advance.  This can make it longer to pay off your debt.

The Return Coverage is limited. Coverage is limited to $300 per item, excluding shipping and handling, and up to a maximum of $1,000 annually per Card Account and is subject to additional Terms, Conditions and Exclusions.

 

Fees To Watch Out For

Late payment fee :  $15 on balances up to $100; $29 on balances of $100 through $1,000; $35 on balances over $1,000

Over the Limit Fee : $30

Duplicate card fee :  $35

Cash Advance Fee : 3%, $5 minimum for Express Cash transactions

 

To Summarize –

Hilton HHonorsPlatinum Credit Card is an ideal card for those who can afford to pay in full each month to avoid accumulating credit card debt, as often can be the case with revolving balances and high interest rates. It is great for people who want to accumulate rewards fast as it offers three points for every dollar spent.

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers	Credit Needed
2.90%	6 Months	18.24%	None	Yes	Excellent Credit